Financial News Update – 12/17/10

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Living Simply Is Now Illegal (Hat Tip: Jean Stoner)

Bank of America in Settlement Talks Over Mortgages (Hat Tip: Jean Stoner)

White House Calls on Religious Leaders to Help Push DREAM Act Over the Finish Line (Hat Tip: Jean Stoner)

Usurper in Chief? (Hat Tip: Jean Stoner)

Obama Weekly Address One Month Ago: “We Can’t Afford What Are Called Earmarks” (Video) (Hat Tip: Jean Stoner)

Obama: US will back UN on rights of native peoples (Hat Tip: Jean Stoner)

Totally Busted: The Truth About Goldman’s Bailout by the Fed (Hat Tip: Jean Stoner)

Courts may not get last word in health care fight (Hat Tip: Jean Stoner)

Compare and contrast: GOP vs. Dems’ plans to keep government in business (Hat Tip: Jean Stoner)

[Iowa] House Freshmen: IMPEACH JUSTICES (Hat Tip: Jean Stoner)

W.H. aims to fast-track solar power (Hat Tip: Jean Stoner)

One American Year Project, One year of living with only American products (Hat Tip: Jean Stoner)

EPA Document Shows It Knowingly Allowed Pesticide That Kills Honey Bees (Hat Tip: Jean Stoner)

Federal Reserve Is a ‘Cartel’: Ron Paul (Hat Tip: Jean Stoner)

How to Survive a Nuclear Attack (Hat Tip: Jean Stoner)

Sen. Hutchison moves to block funds for FCC on net neutrality rules (Hat Tip: Jean Stoner)

Apparently National Buildings Are Warm

New Proposed Fed Rules On Debit Card Fees Crush Visa And MasterCard

Entrepreneurs: You Do Know You’re Unemployable, Right?

FBI Arrests 4 People In Alleged Insider Trading Ring As Part Of Wider Probe

Albert Edwards: “The Notion That We Are In A Sustainable Economic Recovery Is As Ludicrous As It Was In 2005-2007”

Alleged Inside Traders Said After Raj Arrest: “Oh Crap!”

Andrew Ross Sorkin: America Faces A Lost Decade And A Sequel To “Too Big To Fail”

The Philly Fed Number That Has Everyone Frightened

Fineman To Olbermann: The Tea Party Won (Hat Tip: Carey B.)

John Kerry Complains About “Reading” Omnibus “Rather Than Working On It” (Hat Tip: Brian B.)

The Feds Final Days (Hat Tip: Brian B.)

Need A Job? Too Bad! The Good Jobs Are Being Shipped Out Of America As Part Of The New One World Economy (Hat Tip: Brian B.)

Martial Law: UK Police Chief Mulls Banning Protests (Hat Tip: Brian B.)

Crude Oil Price Targeted for $150-200 per Barrel (Hat Tip: Brian B.)

Changing America (Hat Tip: Brian B.)

Build America Bond Program Set for `Reincarnation’, Mica Says

Euro Defaults Need to Be Carried Out Quickly: Elena Carletti

Congress Passes $858 Billion Tax-Cut Extension, Sends to Obama for Signing

Obama Seeks to Make Amends With Unions Over Tax Deal

U.S. Stocks Fluctuate as Europe Concern Offsets Earnings

GM Chief Marketing Officer Ewanick Gets Global Post

Cameron Urges Banks to Show Restraint Over `Galling’ Bonuses

Eastern Europe Faces Tough 2011 as Restocking Ends: Chart of the Day

Security UN mulls internet regulation options (Hat Tip: Jean Stoner)

Napolitano Says DHS to Begin Battling Climate Change as Homeland Security Issue (Hat Tip: Jean Stoner)

Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Than Ever (Hat Tip: Jean Stoner)

What The Silver Vigilantes Understand That You Probably Don’t (Arithmetic, Human Nature and other Stuff) (Hat Tip: Brian B.)

‘Avalanche’ of Investor Sales Pushes Yields to 16-Month High: Muni Credit (Hat Tip: Brian B.)

Goldman Officers to Reap $111 Million Payout From 2007, 2009 (Hat Tip: Brian B.)

Bank of America in Mortgage Settlement Talks (Hat Tip: Brian B.)

Texas Pair Accused of Funneling Millions to Iran

Senate Plans Weekend Votes on ‘Don’t Ask, Don’t Tell,’ Amnesty Bill

Bill preventing big tax hikes heads to Obama

Nevada jobless rate rises to 14.3%

Secret Santa Drops Thousands in SALVATION ARMY Army Kettle!

‘Santa Claus’ donates $100,000

$40,000 left in white envelope at food bank

Feds force bank to pull ‘Merry Christmas’ buttons

Holiday Terror Warning Cites Car Bombs and Small Arms Attack

New Venezuela bank law makes nationalizations easier

20 states ask judge to throw out Obama health law

Michelle wears $2,500 ‘thrift-store dress’ to Christmas concert

Rhode Island City Nears Bankruptcy

Ireland Debt Downgrade

IMF chief worried about Europe domino effect

Oil prices rise to nearly $92

Food Storage Shortage Risk Emerging (Prepper Ping!) (Hat Tip: Jean Stoner)

Senate Dem leader drops nearly $1.3T spending bill (Hat Tip: Nancy Jacques)

13M get unexpected tax bill from Obama tax credit (Hat Tip: Nancy Jacques)

Nancy Pelosi: “Obama Was A Job Creator From Day One”

‘Twas The Lame Duck Before Christmas

It Begins… Feds Force Small Town Bank to Remove Christian Symbols & Christmas Buttons

In Case You Were Wondering… Democrats Out-Pork Republicans 50-1

Emanuel Cleaver Denies Requesting $48 Billion Earmark… But It’s Still Listed As a Request On His Government Website

Crazy Pelosi: “Obama Was A Job Creator From Day One” (Video)

It’s On… O’Reilly Slams Far Left CNN Host Fareed Zakaria After His Attacks on American Consumers (Video)

Washington’s crab-in-the-bucket syndrome

Harry Reid Can’t Understand Why His Colleagues Neglected Their Constitutional Earmark Duties

With border in chaos, J-Nap proclaims “environmental justice” a priority

The START Treaty Must Be Opposed

INFLATION SURVEY RESULTS – November 24 – 30, 2010

Report: Seeds of Future Inflation Planted

Guardian: Euro Fighting for Its Life

In the Trading World, ‘Insiders’ Are Legion

Sharpton Says FCC May Force Public Hearings on Rush‘s ’Racist’ Remarks

Deutsche Bank’s Lewis: Buy Gold Because It’s Still Cheap

Washington subway police to begin random bag checks (Hat Tip: Brian B.)

Struggle for the Republican Soul

“The Big Cover” of Government Solutions UPDATED

Companies Shun Mexico as Violence Spirals

Morning Bell: The Tea Party is Back

Conservatism is Ready to Play the Game

Guest Blogger: White House Should Not Duck Its Responsibility to Shield the United States

New Data Counters Half-Baked Claims of Food Safety Crisis


CA: Chicago Climate Exchange = FAIL, Now California opens “Pacific Carbon Exchange” (Hat Tip: Jean Stoner)

California air board OKs cap-and-trade regulations (Hat Tip: Jean Stoner)

A Rate Which Lives In Infamy (USA Will soon have the world’s highest corporate tax rate) (Hat Tip: Jean Stoner)

The Coming College Education Bubble (Higher Ed’s P/E ratio looks like Nevada housing circa 2007) (Hat Tip: Jean Stoner)

Highlights of the tax package passed by Congress [Good read] (Hat Tip: Jean Stoner)

Republicans Kick the Spending Dope (Hat Tip: Jean Stoner)

Badger Rebellion (Unions do not make a country stronger…they weaken it) (Hat Tip: Jean Stoner)

Treasury Yields Surge Again, And the 30-Year Fixed Mortgage Rate Hits 5%

Watch Out Maryland, Your CDS Just Went Vertical

European Leaders Want Debt Crisis Delayed Until 2013 But It’s Already Here

As Belgium Simmers And The Swiss Dollar Burns, Europe Could Still Get Worse In 2010

Now China Is Stopping Banks From Providing Loans For Real Estate


More contrapreneur self-delusion by the market “experts”: Time to Switch From Bonds to Stocks? The only truly safe haven in these days of fantasy currencies is in tangibles.

Want To Ruin Your Own Country? Assume Your Banks’ Liabilities

Goodwill Providing Key Services Amid Tough Economy

The Feds Final Days (Darryl Robert Schoon)

John Mauldin documents how consumer credit is still collapsing: Unintended Consequences.

How to Buy Gold and Silver

Precious Metals To Lead Commodity Returns In 2011, Goldman Sachs Predicts

Fed Signals Stronger Economy Won’t Slow Plan To Buy $600 Billion In Bonds

Roubini: The Economic Policy Is Still Lend, Pray And Hope

Debt monetization (the government buying its own debt) is waving a huge Red Flag that signals mass inflation in the near future: Fed Surpasses China in Treasury Binge

News from England: Inflation surges at record pace in December

Serbia’s Inflation Rate Hits 10 Percent

Addison Wiggin: Why You Shouldn’t Trust the Core CPI Numbers

General Mills to Raise Prices

One thought on “Financial News Update – 12/17/10

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